VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Broadridge Financial Solutions, Inc. $BR

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Broadridge Financial Solutions, Inc. (NYSE:BR) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 6,700 shares of the business services provider’s stock, valued at approximately $1,079,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BR. BlackRock Inc. acquired a new position in Broadridge Financial Solutions during the 2nd quarter worth $1,473,918,000. Jupiter Topco LLC purchased a new stake in Broadridge Financial Solutions during the 2nd quarter worth about $261,852,000. The Manufacturers Life Insurance Company acquired a new stake in Broadridge Financial Solutions in the 2nd quarter valued at about $197,921,000. Bank of New York Mellon Corp purchased a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $101,738,000. Finally, Legal & General Group Plc purchased a new position in shares of Broadridge Financial Solutions in the 2nd quarter valued at about $99,172,000. 90.03% of the stock is currently owned by hedge funds and other institutional investors.

Broadridge Financial Solutions News Roundup

Here are the key news stories impacting Broadridge Financial Solutions this week:

• Positive Sentiment: Broadridge reported quarterly adjusted earnings of $1.56 per share, above the $1.37 consensus, while revenue of $1.67 billion also topped expectations and grew 5% year over year. The company reaffirmed its fiscal 2027 adjusted EPS growth outlook of 8%–12%, supporting confidence in continued growth. How Investors May Respond To Broadridge Financial Solutions (BR) Earnings Beat Broadridge reaffirms fiscal 2027 growth outlook
• Positive Sentiment: Broadridge will provide proxy voting for eligible holders of Dinari’s tokenized U.S. equities, extending its governance services into digital-asset markets. The partnership could create new business opportunities, though its near-term financial contribution was not specified. Broadridge Brings Proxy Voting to Dinari’s dShares Tokenized U.S. Equities
• Neutral Sentiment: JPMorgan raised its price target to $201 from $191 and kept a neutral rating. Morgan Stanley also raised its target, to $181 from $176, but maintained an equal-weight rating; that target is below the share price cited in the reports. The revisions offer mixed signals about near-term valuation. JPMorgan price target Morgan Stanley price target

Analyst Ratings Changes

A number of brokerages have recently commented on BR. JPMorgan Chase & Co. boosted their price objective on Broadridge Financial Solutions from $191.00 to $201.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank Of Canada raised their target price on shares of Broadridge Financial Solutions from $225.00 to $226.00 and gave the company an “outperform” rating in a report on Monday, August 31st. DA Davidson reiterated a “buy” rating and issued a $214.00 price target on shares of Broadridge Financial Solutions in a research note on Tuesday, October 27th. UBS Group reiterated a “neutral” rating and set a $180.00 price target on shares of Broadridge Financial Solutions in a report on Monday, August 17th. Finally, Morgan Stanley boosted their price target on shares of Broadridge Financial Solutions from $176.00 to $181.00 and gave the stock an “equal weight” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.71.

Insider Activity at Broadridge Financial Solutions

In related news, VP Thomas Carey sold 2,501 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $159.76, for a total value of $399,559.76. Following the transaction, the vice president directly owned 8,800 shares of the company’s stock, valued at $1,405,888. This trade represents a 22.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.00% of the stock is owned by company insiders.

Broadridge Financial Solutions Stock Performance

Shares of Broadridge Financial Solutions stock opened at $194.69 on Friday. The firm has a market capitalization of $22.02 billion, a P/E ratio of 21.51 and a beta of 0.90. Broadridge Financial Solutions, Inc. has a 52 week low of $133.83 and a 52 week high of $233.10. The company has a quick ratio of 1.24, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average is $171.99 and its two-hundred day moving average is $165.94.

Broadridge Financial Solutions (NYSE:BR) last released its quarterly earnings data on Tuesday, November 3rd. The business services provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.19. The company had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Broadridge Financial Solutions had a net margin of 13.94% and a return on equity of 40.32%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.51 earnings per share. Research analysts forecast that Broadridge Financial Solutions, Inc. will post 10.56 EPS for the current fiscal year.

About Broadridge Financial Solutions

Broadridge Financial Solutions, Inc (NYSE: BR) is a financial technology and business services company that provides communications, data, and technology solutions to financial institutions, public companies, and investors. Its services support the administration and communication of financial information across the investment lifecycle.

The company’s offerings include investor communications, proxy and corporate governance services, securities processing, trade and portfolio management, and technology platforms for wealth and investment management firms.